Dedicated to sustainable marketing, and a green future

Menu

sustainable capitalism

As we approach the end of a very busy 2011, I’ve been seeing a lot of interesting year-end articles that I’ve been saving to read later. I thought it would be helpful to include a selection of them for you in one place:

“A Manifesto for Sustainable Capitalism,” by Al Gore and David Blood, published in the Wall Street Journal on December 14, 2011. They define sustainable capitalism as “a framework that seeks to maximize long-term economic value by reforming markets to address real needs while integrating environmental, social and governance (ESG) metrics throughout the decision-making process.” They explain that research shows that “embracing sustainable capitalism yields four kinds of important benefits for companies:

• Developing sustainable products and services can increase a company’s profits, enhance its brand, and improve its competitive positioning, as the market increasingly rewards this behavior.

• Sustainable capitalism can also help companies save money by reducing waste and increasing energy efficiency in the supply chain, and by improving human-capital practices so that retention rates rise and the costs of training new employees decline.

• Third, focusing on ESG metrics allows companies to achieve higher compliance standards and better manage risk since they have a more holistic understanding of the material issues affecting their business.

• Researchers (including Rob Bauer and Daniel Hann of Maastricht University, and Beiting Cheng, Ioannis Ioannou and George Serafeim of Harvard) have found that sustainable businesses realize financial benefits such as lower cost of debt and lower capital constraints.”

Most Read Paper and Packaging Stories of 2011 from our friends at Environmental Leader. There’s been a lot of chatter and innovation around the lifecycle of packaging and the need for manufacturers to be responsible for the the stewardship of their products from beginning to disposal. It’s been an issue close to my heart for many years – along these lines, I was recently asked to become a charter member of the Product Stewardship Institute Advisory Council. This organization has played a critical role in bringing government, industry, and other stakeholders together to jointly develop solutions to difficult waste management problems for many years and I’m honored to be part of such a great group. To learn more about the council, here’s a link to a PDF press release.

Lastly, I’m excited to share some positive news on Cape Wind. This plan to build offshore wind turbines in Nantucket Sound has long been delayed by lawsuits and controversy. This week, Massachusetts’ highest court gave the project the “green light” according to the Boston Globe. Cape Wind CEO said he hopes project construction will start in about a year. Here’s a link to the Boston Globe article.

I want to wish everyone a happy, healthy and productive 2012. Thanks for reading!